by ABIP | Nov 20, 2019 | News
If your company needs to “remediate” or clean up environmental contamination, the expenses involved can be tax deductible. Unfortunately, every type of environmental cleanup expense cannot be currently deducted. Some cleanup costs must be capitalized. For example,...
by ABIP | Nov 6, 2019 | News
Managing payroll is a laborious task for small businesses. But it’s critical to withhold the right amount of taxes from employees and pay them over to the federal government on time. If you don’t, you could be hit with the Trust Fund Recovery Penalty, also known as...
by ABIP | Oct 30, 2019 | News
The right entity choice can make a difference in the taxes you owe for your business. Although S corporations can provide substantial tax advantages over C corporations in some situations, there are potential tax problems you should assess before deciding to convert...
by ABIP | Oct 23, 2019 | News
ABIP CPAs & Advisors is proud to welcome Senior Tax Manager Mia Ramirez-Powell and Tax Manager Amanda Grantham. At ABIP, Amanda and Mia will focus on federal and multistate income tax compliance, IRS & state tax controversy, multistate sales & use,...
by ABIP | Oct 23, 2019 | News
Is your business depreciating over 30 years the entire cost of constructing the building that houses your operation? If so, consider a cost segregation study. It may allow you to accelerate depreciation deductions on certain items, thereby reducing taxes and boosting...
by ABIP | Oct 16, 2019 | News
Merging with or acquiring another company is one of the best ways to grow rapidly. But you’ve got to weigh the potential advantages against the risks of such a move. An acquisition might enable your business to expand into new geographic areas or seize new customer...
